XRP Payment Volume Below 1B and Falling Transactions
After a brief uptick in late October, XRP payment volume on the XRP Ledger has slipped below the key 1 billion mark, falling to 903 million daily, while on-chain transactions dropped to 1.98 million. This decline in XRP payment volume and on-chain activity signals waning network utility and reduced institutional usage. The token’s price trades near $2.17 after failing to hold gains above $2.50, with the 200-day EMA acting as resistance and the RSI around 35 indicating mild oversold conditions. Without a rebound in payment volume and transaction counts, XRP may see further downside or extended consolidation. Traders should monitor XRP on-chain activity, payment volume recovery and technical indicators as potential catalysts for price stabilization or reversal.
Bearish
Declining XRP payment volume and on-chain transactions, combined with bearish technical signals—such as resistance at the 200-day EMA and an RSI near 35—indicate weakened network utility and reduced institutional use. Short-term, this suggests further price consolidation or downside pressure as traders await a clear uptick in on-chain activity. Over the longer term, sustained low payment volume may hinder renewed bullish momentum unless ecosystem engagement recovers above key thresholds. Overall, the data points to continued bearish sentiment for XRP until on-chain metrics improve.